Common use of Remedy for Certain Breaches Clause in Contracts

Remedy for Certain Breaches. The Seller acknowledges and agrees that the covenants in Section 7.2 were negotiated at arm’s length, are required for the fair and reasonable protection of Buyer, that Bxxxx would not have purchased the Acquired Assets had the Seller not agreed to these covenants, that the restrictions contained herein are designed to protect the business of Buyer, and that the obligations of Buyer in this Agreement constitute adequate consideration for the obligations of the Seller under Section 7.2. The Seller further acknowledges and agrees that a breach of any of the covenants, obligations or agreements set forth in Section 7.2, will result in irreparable and continuing damage to Buyer and its business and property for which there may be no adequate remedy at Law, and the Seller agrees that in the event of any such breach, Buyer shall be entitled to injunctive relief to restrain such breach by any Seller, and to such other and further relief (including damages) as is proper under the circumstances.

Appears in 1 contract

Samples: Asset Purchase Agreement (Myers Industries Inc)

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Remedy for Certain Breaches. The Seller acknowledges Restricted Parties acknowledge and agrees agree that the covenants in Section 7.2 5.1 hereof were negotiated at arm’s arms-length, are required for the fair and reasonable protection of BuyerPurchaser, that Bxxxx Purchaser would not have purchased the Acquired Purchased Assets had the Seller Restricted Parties not agreed to these covenants, that the restrictions contained herein are designed to protect the business of BuyerPurchaser, and that the obligations of Buyer Purchaser in this Agreement constitute adequate consideration for the Seller’s and Equityholder’s obligations of the Seller under Section 7.25.1 hereof. The Seller Restricted Parties further acknowledges acknowledge and agrees agree that a breach of any of the covenants, obligations or agreements set forth in Section 7.2, 5.1 hereof will result in irreparable and continuing damage to Buyer Purchaser and its business and property for which there may be no adequate remedy at Lawlaw, and the Seller agrees Restricted Parties agree that in the event of any such breach, Buyer shall Purchaser may be entitled to seek injunctive relief to restrain such breach by any SellerSeller or Equityholder, and to such other and further relief (including damages) as is proper under the circumstances.

Appears in 1 contract

Samples: Asset Purchase Agreement (CRAWFORD UNITED Corp)

Remedy for Certain Breaches. The Seller acknowledges and agrees that the covenants in Section 7.2 5.8 hereof were negotiated at arm’s arms length, are required for the fair and reasonable protection of the Company and Buyer, that Bxxxx Buyer would not have purchased the Acquired Assets Stock had the Seller not agreed to these covenants, that the restrictions contained herein are designed to protect the business of the Company and Buyer, and that the obligations of Buyer in this Agreement constitute adequate consideration for the Seller’s obligations of the Seller under Section 7.25.8 hereof. The Seller further acknowledges and agrees that a breach of any of the covenants, obligations or agreements set forth in Section 7.2, 5.8 hereof will result in irreparable and continuing damage to the Company and Buyer and its in their respective business and property for which there may will be no adequate remedy at Lawlaw, and the Seller agrees that in the event of any such breach, the Company and Buyer shall be entitled to injunctive relief to restrain such breach by any Seller, and to such other and further relief (including damages) as is proper under the circumstances.

Appears in 1 contract

Samples: Stock Purchase Agreement (Rentech Inc /Co/)

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Remedy for Certain Breaches. The Seller acknowledges and agrees that the covenants in this Section 7.2 6.9 were negotiated at arm’s arms length, are required for the fair and reasonable protection of Buyer, that Bxxxx Buyer would not have purchased the Acquired Assets Stock had the Seller not agreed to these covenants, that the restrictions contained herein are designed to protect the business of BuyerBuyer and Company, and that the obligations of Buyer in this Agreement constitute adequate consideration for the Seller’s obligations of the Seller under this Section 7.26.9. The Seller further acknowledges and agrees that a breach of any of the covenants, obligations or agreements set forth in this Section 7.2, 6.9 hereof will result in irreparable and continuing damage to Buyer and its business Company in their businesses and property properties for which there may will be no adequate remedy at Lawlaw, and the Seller agrees that in the event of any such breach, Buyer shall be entitled to injunctive relief to restrain such breach by any Seller, and to such other and further relief (including damages) as is proper under the circumstances.

Appears in 1 contract

Samples: Stock Purchase Agreement (Zanett Inc)

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